India stocks higher at close of trade; Nifty 50 up 1.13%

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At the close in NSE, the Nifty 50 rose 1.13% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.90%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 13.65% or 13.45 points to trade at 111.95 at the close. Meanwhile, State Bank Of India (NS:SBI) added 8.73% or 15.20 points to end at 189.25 and Bharti Infratel Ltd (NS:BHRI) was up 8.34% or 18.25 points to 237.15 in late trade.

The worst performers of the session were Tata Consultancy Services Ltd. (NS:TCS), which fell 1.84% or 38.55 points to trade at 2053.00 at the close. Hindustan Unilever Ltd. (NS:HLL) declined 1.58% or 33.55 points to end at 2087.05 and Bajaj Auto Ltd (NS:BAJA) was down 1.36% or 38.25 points to 2779.00.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 7.90% to 187.80, Tata Steel Ltd (BO:TISC) which was up 6.00% to settle at 339.35 and HDFC Bank Ltd (BO:HDBK) which gained 3.56% to close at 1039.00.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 2.19% to 2048.10 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 1.52% to settle at 2088.00 and Bajaj Auto Ltd (BO:BAJA) which was down 1.39% to 2780.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1363 to 214 and 36 ended unchanged; on the Bombay Stock Exchange, 1963 rose and 477 declined, while 117 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.40% to 28.6800 a new 1-month low.

Gold Futures for August delivery was down 0.89% or 15.35 to $1712.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 2.27% or 0.85 to hit $38.26 a barrel, while the August Brent oil contract rose 3.03% or 1.21 to trade at $41.20 a barrel.

USD/INR was up 0.27% to 75.644, while EUR/INR rose 0.16% to 85.6560.

The US Dollar Index Futures was up 0.16% at 96.812.

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